ASR vs MGYR: Correlation
Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) and Magyar Bancorp, Inc. (MGYR) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASR and MGYR?
On 3 years of weekly data the ASR/MGYR correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 249.8 %².
Within ASR's tracked universe of 13 assets, MGYR comes in at #7 by 3-year correlation. The last year tells two different stories: MGYR led by 35.9 percentage points, -19.4% for ASR against +16.5% for MGYR. One caveat on sizing: ASR is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ASR vs MGYR: side by side
| ASR (Grupo Aeroportuario del Sureste, S.A. de C.V.) | MGYR (Magyar Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -19.4% | +16.5% |
| 5-year return | +83.2% | +102.3% |
| Volatility (ann.) | 32.3% | 18.1% |
| Beta vs S&P 500 | 0.77 | 0.26 |
| Max drawdown (3Y) | -31.1% | -18.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 13.6 | 10.5 |
| Dividend yield | 3.81% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASR | MGYR |
|---|---|---|
| 2022 | +17.0% | +6.1% |
| 2023 | +32.1% | -10.7% |
| 2024 | -9.2% | +32.6% |
| 2025 | +35.6% | +20.5% |
| 2026 | -18.1% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASR and MGYR good diversifiers for each other?
Reasonably. At 0.43, ASR and MGYR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASR and MGYR?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.37 over the last year and 0.40 over 5 years.
Is MGYR a good diversifier for ASR?
Reasonably. At 0.43, ASR and MGYR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asr-vs-mgyr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asr-vs-mgyr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASR correlations · MGYR correlations
